Crossroads Engages Attorneys of Markman Advisors

Crossroads Systems, Inc. has engaged the intellectual property law firm of Kroub, Silbersher & Kolmykov PLLC, the principals of Markman Advisors LLC, to provide consulting services related to Crossroads’ non-972 patent portfolio, consisting of 121 patents and pending patents developed over 16 years.

The firm’s principals each have more than a decade of experience in high-stakes patent litigation and counseling for some of the world’s largest companies including American Express, Volkswagen, Office Depot and Canon. The attorneys of Kroub, Silbersher & Kolmykov also manage Markman Advisors , a consultancy that provides advice to institutional investors, family offices and other investors regarding patent-based public companies and patent litigation affecting public companies.

New York-based Kroub, Silbersher & Kolmykov will assist Crossroads with the next phase of analysis regarding Crossroads’ non-972 assets and help develop a detailed monetization strategy. The initial phase of the non-972 patent analysis, completed in June 2013, identified key storage technologies in the portfolio and assessed potential monetization opportunities. The analysis revealed that many of the patents developed by Crossroads engineers have been incorporated into industry standards and that sales revenue of potentially infringing products exceeds $82 billion.

This next phase of the analysis is designed to validate key assumptions, propose a detailed monetization strategy and timeline, identify infringing companies and products, develop detailed claims charts, and estimate revenue opportunities associated with each infringing company. The results of this next phase will provide Crossroads a roadmap for moving forward with its plans to implement a full-scale monetization program for the non-972 patent portfolio.

Zachary Silbersher, a partner at Kroub, Silbersher & Kolmykov, said: “Given the breadth of the non-972 patent portfolio, both in terms of the number of patents in the portfolio as well as the discrete technologies covered, we are excited to perform a rigorous legal assessment of its litigation potential and develop a concrete action plan toward monetization of the portfolio by Crossroads.”

“Engaging Kroub, Silbersher & Kolmykov is a logical next step toward monetizing our non-972 portfolio,” said Richard K. Coleman, Jr., president and CEO, Crossroads. “Their patent litigation and licensing expertise will help guide Crossroads Systems to a tactical plan that maximizes shareholder value.”